After winning contracts from the U.S. Air Force, a small Wisconsin-based company went bankrupt. Now, a Chinese businessman is poised to take control of its revolutionary engine.
Illustration by Sam Ward
Dick Rutan, a swashbuckling legend in the aviation community, was sitting in his office at the Mojave airport in the Southern California desert when two engineers walked in with a big idea.
It was the spring of 2005, and Steven Weinzierl and Michael Fuchs had just developed a new piston engine that was both highly efficient and surprisingly quiet. While most small plane engines run on aviation gasoline — which is expensive and difficult to access — their innovative use of diesel mad
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Sanctions and export controls failed to contain the rise of Yangtze Memory Technologies Corp. Now the national champion is riding the AI boom to a record IPO.
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